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Saturday, February 26, 2011

Relative Strength By Industry

 Here are as many industries as I could fit in my screen capture utility, ranked by the percentage of stocks in that industry that are currently in their relative strength ranges. I have hghlighted the top 10 groups in each category, and particular attention should be paid to those that have more than 3 categories highlighted. The column on the far right is the percentage of stocks advancing for the week, nt part of the relative strength scan but in addition to it.

Here they are ranked by stocks advancing. There does appear to be a minor correlation between this and short relative strength, but not enough to draw any real conclusions.

The realtive strength and industry spreadsheets are updated. I may not have time to do the earnings summary today, so  wwill do the leadership scan first, and will probably have the earnings summary tomorrow morning.

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